Shelby D. Lomax

Aug 23, 2024 | jdsupra.com | Shelby D. Lomax |Susan Seaman

Last week, the Federal Deposit Insurance Corporation (FDIC) published Frequently Asked Questions on the final rule governing FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC Name or Logo, 12 C.F.R. Part 328. As we have previously discussed, the rule affects both federally insured banks and nonbanks including Fintechs.

Apr 26, 2024 | jdsupra.com | Christopher Friedman |Shelby D. Lomax |Mike Silver

It is no secret that the Federal Deposit Insurance Corporation (FDIC) actively monitors its banks for compliance with Section 8 of the Real Estate Settlement Procedures Act (RESPA Section 8). However, in its March 2024 Consumer Compliance Supervisory Highlights (Supervisory Highlights), the FDIC addresses interpretive issues that have a long history.

Apr 23, 2024 | jdsupra.com | Shelby D. Lomax |Susan Seaman

Similar to the Consumer Financial Protection Bureau’s Supervisory Highlights, the Federal Deposit Insurance Corporation (FDIC)’s Consumer Compliance Supervisory Highlights should be on your reading list.

Mar 19, 2024 | jdsupra.com | Shelby D. Lomax |Michael Silver

On March 8, 2024, the CFPB issued a blog post signaling a new front in its focus on “junk fees”—mortgage closing costs.

Jan 17, 2024 | jdsupra.com | Shelby D. Lomax |Susan Seaman

In December 2023, the Federal Deposit Insurance Corporation (FDIC) finalized amendments to its rules on official FDIC signage, bank advertisements, deposit insurance misrepresentations, and the misuse of the FDIC’s name or logos (12 C.F.R. Part 328).